91201, Glendale, CA

The Glendale zip code (91201) has a population of over 213,000 people and is located in the San Fernando Valley region of Los Angeles County. The median home value in this zip code is $527,500, which is significantly higher than the statewide median home value of $218,600. In addition, the Glendale zip code has a high rate of home equity ownership compared to other areas in California. Over 50% of households in this zip code have at least some equity in their homes, which is significantly higher than the statewide average of just over 30%.

One reason for the high rate of home equity ownership in Glendale may be due to its relatively low rates of homeownership. Just under 60% of households in this zip code are homeowners, which is lower than both the statewide average and the national average. Additionally, Glendale has seen an increase in its population over time; as a result, there are more potential buyers who are able to purchase homes with more equity.

Despite having a high rate of home equity ownership and low rates of homeownership, there are some challenges that residents face when it comes to their homes. One issue that has been particularly problematic for residents in Glendale is foreclosure activity; as a result, many homes here are now worth less than what was originally owed on them. This problem may be exacerbated by low interest rates; as a result, it can be difficult for borrowers to refinance or sell their homes even if they want to. In addition to foreclosure activity and low interest rates, another challenge that residents face when it comes to their homes is rising prices. As prices continue to rise throughout California and elsewhere around the country, many homeowners find themselves struggling to keep up with inflationary pressures – which can lead them into debt trouble if they don’t have enough savings or income available to cover those costs.